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Bond Loss Lawyers
For GK Investment Holdings 7% Bond Investors, Financial Recovery May Be An Option.
You May Be Able To Pursue An Investment Loss Recovery Claim
Our investment Bond Loss Lawyers are continuing to look into claims of portfolio losses involving GK7% bond investors. GK 7% bonds, issued by GK Investment Holdings, had promised a 7% interest.
Unfortunately, in 2022, bondholders were told in a letter that if 90% of them didn’t exchange their current bonds for new GK 7% bonds, GK Investment Holdings could default on the old bonds and end up bankrupt. Investors were told that a failure to comply also could lead to repayments being delayed or not issued at all. COVID-19 and its effect on the real estate market was a reason given.
JCC Advisors acted as managing broker-dealer for the GK 7% bonds, but other brokerage firms may have also sold the bonds to their customers. $50M of these unsecured bonds were issued for sale. While each GK 7% bond cost $1K/per bond, an investor was required to purchase at least 5 of these bonds for a $5K minimum.
Our Bond Loss Lawyers Are Here To Help
Shepherd Smith Edwards and Kantas Bond Loss Lawyers (investorlawyers.com) have been investigating GK 7% investment losses for some time. There is a growing concern about possible unsuitable investment recommendations by financial advisors. Other allegations against brokers that sold GK 7% bonds may include misrepresentations and omissions, due diligence failures, best interest violations, breach of fiduciary duty, broker negligence, failure to supervise, and more.
Should You Sue Your Broker For Your GK 7% Investment Losses?
It is important that you only pursue this type of legal action if you have skilled bond fraud lawyers by your side. Most brokerage firms are unlikely to admit to broker misconduct or negligence. Some may even try to shift the blame onto you.
Experienced and well-respected broker fraud attorneys will know how to protect your legal rights while maximizing your chances for a full recovery. If we decide to work together, know that you will have our entire securities firm working on your case. That is over 100 years of collective experience in securities law and the securities industry.
Most of us are our former financial advisors who left that industry because of a lot of the unsavory practices we witnessed. It is why we do what we do now, which is to fight for retail investors, retirees, accredited investors, high-net-worth investors, institutional investors, and others against brokerage firms and investment advisers. More than 90% of our clients have secured full or partial financial recovery with our help.
Call our Bond Loss Lawyers at (800) 259-9010 or complete this online contact form.